The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-09-11
HIS ACCOUNTS TANGLED.
THE REASON GIVEN FOR TINEY
THOMPSON'S FLIGHT.

He Borrows 100000 of Which His
Partner Knows Nothing-The Firm
Unable TO Prepare a Staten ent-No
Record Left of His Cash-A Note
from Him Discovered in the Safe.
There were a number of rumors on the
street yesterday regarding the disappear
ance of Tiney B. Thompson, and most of
them pointed to financial complications as
the cause. 1t was learned that the books
and accounts left by Thompson were in
such bad condition that no immediate
statement could be obtained from them.
The firm of J. j. McDOnough q Co. did
business through the Southern Bank, and
with that institution il had credit TO the
extent of $lO0, 900 the bank being amply Sc
cured Thompson, however, opened an
account with the Savannah Bank and
Trust COMPANY of which he was a director,
without the knowledge of his partner, and
when Mr.. McDOnough returned 10 the city
he was surprised TO ind that Thomp son had
borrowed from that bank a large sum,
alleged to be more than 100000.
WORKING IN THE DARK.
As far as can be learned neither the
Southern Bank nor the Savannah Bank and
1IuSI company can SIsfUH eAdcll4 WNat part
of the paper they hold Is accommodation paper,
and what part is straight commercial paper
that is, paper drawn against cargoes of
lumber, and, therefore, they cannot make
statement that will uuravel ThompsOu's &C
counts Inquiries have been sent to the
various correspondents OF the firm asking
for statements. Partial statements by tele-
graph show that some of the paper held by
them is accommodation in It's character.
Complete statements will have to come by
mail, and as they have not yet
arrived, nothing satisfactory can be
stated as to what they will show.
AS already stated the Southern Bank is
secured fully. and the Savannah Bank and
Trust Company will not lose anything, even
if a large part of the paper it holds is ac-
commodation, for the loans were negotiated
by member of the firm having authority
and when Mr. McDenough learned of the
account Thompson had opened with that
bank he assumed all the obligations.
NO ACCOUNT KEPT.
What Thompson did with this money
cannot be told until the correspondents
have been heard from. He was cashier
of the firm, but of late he has kept
no accounts Of what he has received and
what he has paid out. Mr.. McDonough
therefore will be unable TO state, until be
hears from his correspondents, whether
Thompson carried away any large amount
of money, or whether he used it all in the
business Thompson had $4,000 to his
credit with the firm, and it is not even
known whether he drew that out, for the
books fail to show any record Of it.
MIR. McDonough does not, it is under
stood, entertain the theory that Thompson
is insane. He thinks that he either found
the business too much for him to manage
or else he neglected it and permitted the
accounts to become so mixed up that he
could do nothing with them, and becoming
very much confused he determined to take
the easiest way out of it and leave tine city.
It is also thought that the opening of the
account with the Savannah Bank
and Trust Company, of which he
was a director, without the knowl-
edge or consent of his partner, and
the probability of being called upon for an
explanation, added to his embarrassment
and served as one of the reasons for his
flight
A NOTE FROM HIM DIsCovEREO.
In looking over the contents of the
safe a note from him was found 1t is
not exactly clear when he wrote it, but
the impression is that it was written several
days before he left The theory is that after
he wrote il he wavered a little with respect
to the course he outlined in it and did not
act at once. The place where it was found
was one not likely to be looked into for any
thing concerning Thompson, and would not
have been found at all if there had not been
a thorough search made for papers in every
nook and corner.
In the note he says that he is not appre-
ciated by the firm that Mr.. McDonough
has not shown him as much kindness as he
thinks he deserves. and that he is not given
the credit due him for his work He adds
that he proposed to draw out the 81, 800
which stood to his credit, take that as his
interest in the business and leave the city,
STILL MYSTERY
Nothing new concerning his whereabouts
was developed yesterday, and his friends
are as much in the dark as ever regarding
where be has gone. Those who are in a
position to know say that Thompson may
have taken large amount with him or he
may have not only a very small amount
not as much as he bad to his credit. Moth
ing can be known as to what
amount he took until the ac-
counts are Strengthened out. Everything
depends upon the amount of accommoda-
loans upon. II that is very large the
cash away with him, or applied it to
his personal Use. Ii it is small, the amount
carried away is small
Mr.. McDonough gave notice yesterday
that Thompson had withdrawn from the
on by himself and Edward Burdett under
the old firm name.
ENFORCING THE ORDINANCE.
Harh0r Faaa Mt,Gt ha paid or Exac,,